"We are headed for a global recession, and I think we hit new lows in the stock market before new highs, but we could see a temporary bounce caused by the Federal Reserve. The increase in cost of capital is going to make profits hard to come by for many businesses. The market will not bottom until the first half of next year," says Eddie Ghabour. Ghabour also weighs in on whether the upcoming earnings season will cause the stock market to go lower.